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Next meetings of the Committee on Budgets:

17-02-2015 - 11:04

- Joint Public Hearing of the Committee on Budgets (BUDG) and the Committee on Economic and Monetary Affairs (ECON) on the European Fund for Stategic Investments on Monday, 2 March 2015 from 15.30 to 18.30, meeting room PHS 03C50, Brussels

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Joint ECON-BUDG meeting on the investment plan

17-02-2015 - 11:24

After its communication of 26 November 2014 on "An investment plan for Europe", the Commission adopted on 13 January 2015 a proposal for a regulation setting up a European Fund for Strategic Investments (EFSI) and amending regulations (EU) No 1291/2013 (Horizon 2020) and (EU) No 1316/2013 (CEF). The EFSI will be backed by a guarantee of EUR 21bn, of which EUR 8bn will gradually be paid into a guarantee fund until 2020 via transfers from the EU budget. The proposal also sets up a European Investment Advisory Hub (EIAH) to provide advisory support to project identification, preparation and development across the Union, and a European Investment Project Pipeline. ECON and BUDG have been appointed lead committee under rule 55 (procedure with joint committee meetings) by the Conference of Presidents. There was a first exchange of views on 23 February with the co-rapporteurs from both committees, Mr Jose Manuel Fernandes (EPP, PT) for BUDG and Mr Udo Bullmann (S&D, DE) for ECON. The TRAN and ITRE committees are associated under rule 54 and several more under rule 53. A question and answer session with experts from the Commission open to all members took place on February 26 from 14:00 to 16:00 and a hearing on March 2 from 15:30 to 18:30. The draft report will be presented on March 12 and adopted in a joint committee meeting on April 20.

Budget 2016 and Globalisation Adjustment Fund votes

17-02-2015 - 11:21

On 26 February BUDG voted on 6 mobilisations of the European Globalisation Adjustment Fund linked to companies from Belgium (4), Germany and Poland (1 each). Furthermore BUDG adopted its guidelines on the 2016 EU budget. The guidelines will be adopted by Plenary in March and lay down Parliament's priorities for next year's budget. They shall guide the Commission when drawing up the Draft Budget, which will be presented in May.

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10-02-2015 - 12:11

Financing Public Expenditure: Some Key Figures at EU and National Levels

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The European Fund for Strategic Investments (EFSI) must focus on currently underfunded areas, so as to complement, not duplicate, other EU budget tools, said MEPs at Monday’s expert hearing on the Juncker investment plan proposals. The hearing was held by the Budgets and Economic and Monetary Affairs committees with a view to shaping legislation for the investment plan.
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Some 3,000 workers made redundant in Belgium, Germany and Poland in 2013-2014 should receive EU aid worth €6.3million to help them find jobs, the Budgets Committee recommended on Thursday. The European Globalisation Adjustment Fund (EGF) aid still has to be approved by Parliament as a whole and the Council of Ministers.
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Next year’s EU budget priorities should be fostering growth by helping employment, enterprises and entrepreneurship, showing solidarity both within the EU and with countries outside it and putting EU finances in order by tackling the overdue payments backlog and reforming the EU revenue system, say Budgets Committee MEPs in a resolution voted on Thursday.
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EU budget funding must be reformed, but not by adding to the burden on taxpayers, urged Budgets Committee MEPs in Thursday’s debate on the first report by the High Level Group on Own Resources (HLG). Headed by former Italian prime minister Mario Monti, the HLG is working on proposals for a simpler, fairer, more transparent and more democratically accountable system, which the European Parliament has been advocating since 2006.
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